Cebu Landmasters Q1 Earnings up 2% on Strong VisMin Sales - BusinessWorld Online

Cebu Landmasters Q1 earnings up 2% on strong VisMin sales - BusinessWorld Online

LISTED real estate developer Cebu Landmasters, Inc. (CLI) posted a 2% increase in its first-quarter (Q1) attributable net income to P995 million from P978 million last year, led by sustained demand in the Visayas and Mindanao (VisMin) markets. January-to-March consolidated net income rose 12% to P1.32 billion from P1.18 billion a year ago, CLI said in a statement on Thursday. Consolidated revenue increased 4% to P6.51 billion, with property sale…

Cebu Landmasters' Q1 earnings rise on strong VisMin demand

Far from the oversupply in Metro Manila, Cebu Landmasters, Inc. (CLI) continues to enjoy strong take-up of its projects in the Visayas and Mindanao where it it is firmly entrenched.During the firm’s presentation at the Philippine Stock Exchange Investors’ Day, CLI said it posted a strong start to 2025, with consolidated net income rising by 12 percent year-on-year to ₱1.32 billion in the first quarter. This was driven by geographic expansion, st…